Transportation services took a severe blow, with numerous trains...
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Shipping giants want an end date for fossil fuel-only
Shipping is a major source of carbon emissions and the industry...
FEATURE-India turns to AI to capture its 121 languages
The Indian government, which aims to deliver more services...
Sensex tanks 807pts as coronavirus alarm spreads, Rs 3 lakh crore investor wealth lost
Chinese President Xi Jinping on Sunday said the coronavirus epidemic is the country’s “largest public health emergency”. The death toll from the deadly virus climbed to 2,592 in China on Monday.
Dow plunges over 800 points as coronavirus cases spike outside China
On Monday, fears that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries across the globe spooked most equity markets. The virus, which has killed 2,442 people in China, has reportedly spread to 28...
Saudi Arabia’s regulator plans to raise capital requirements for insurers
-He declined to specify the new capitalization ratio but said it will be “definitely higher than the current one.”
-Asked about the economic impact of the global spread of a new strain of coronavirus, Alkholifey said it was “too early to assess.”
Financial services firms risk $1 trillion in losses from climate change: Report
The Oliver Wyman analysis found that if carbon taxes were imposed at a level of $50 per tonne of carbon dioxide in two of the most polluting industries – power generation and oil and gas – this would result in estimated credit losses of between $50 billion to $300 billion in both sectors.
Australia regulator seeks to understand financial risks of climate change
Global financial regulators are worried frequent extreme weather events could displace entire communities leading to stranded assets and a plunge in property values which could result in crippling losses for the financial sector.
Seoul worst hit as Asia markets plunge on virus worries
“While the coronavirus is probably slowing in China, it is speeding up elsewhere,” Charles Gillams, at RJMG Asset Management, said. “Its impact on Chinese business is already deep. So, whether that has a one economic quarter impact — of some severity — or is a bigger issue remains unclear and indeed we won’t know for while.”
Health Ministry mulling to increase legal age for tobacco consumption
“Increasing the legal age to 21 would bring down the number of youngsters taking to tobacco every year drastically. Even parents will not be able to send their children aged below 21 to shops for buying these products, the official said.
Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow
The White House said more than $1 billion of the requested virus budget would go toward developing a vaccine, while other funds would be used for therapeutics and the stockpiling of personal protective equipment such as masks.
India needs to remove growth impediments to achieve $5 trillion economy:CEA
The Arthashastra stresses on ethical ways of creating wealth, he said, adding that we need to focus on creating trust in the markets as well. If governance standards have to be increased in the country, there has to be a greater focus on disclosing related-party transactions, the CEA said. The comments come in the wake of frauds like the one at non-banking lender DHFL.
Malaysia and India will see higher Employer-sponsored health care benefit costs in 2020:WTW
The survey also found mental health conditions are expected to become of the most significant cost factors over the next five years. Two-thirds (66 per cent) of insurers expect that behavioural and mental health conditions will become one of the most costly medical conditions and form the bulk of medical expenses other than hospital and inpatient care in the next five years.